BANGKOK, April 29 Thai Delta Electronics
(Thailand) Pcl said on Tuesday it expected 2014 net
profit will hit a record for fourth straight year due to strong
global demand for power supply equipment in the telecoms and
Sales in dollar term are expected to rise 5-10 percent this
year and the company plans to spend about $100 million on an
acquisition in Europe later this year, director Anusorn
Muttaraid told reporters.
He gave no details about the acquisition target.
On Monday, the company reported a 15 percent rise in
first-quarter net profit of 1.4 billion baht ($43.3 million),
due to strong sales in telecoms-related power supply equipment
especially in India and other emerging markets.
($1 = 32.3100 Thai Baht)
(Reporting by Saranya Suksomkij; Writing by Khettiya Jittapong;
Editing by Gopakumar Warrier)